Resale prices are a Joke !

[pauljuhn]

Originally Posted by superdog

So you are okay with paying a little over, but no more than that?

Who decides what’s right? You? Or the market?

I just paid way over for a speedy. And I’m very comfortable with it. I paid market price. It is what it is.

Spend money wisely....



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[pauljuhn]

Originally Posted by Luke@TRF

Greed is human nature, people don’t necessarily like Rolex that much, but only buy and own coz it holds value. Will whine like a swine when the bubble burst and quickly turn to other value retaining brands/products. Why pay 22k for a ss Daytona when u can buy a RG AP OS used?

Spot on!



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[LooseCann0n]

Originally Posted by superdog

if i can justify the price in my head, and i can't get the watch out of my head, i go ahead.

Couldn’t have put it better or catchier- this is how I feel too..



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[superdog]

Originally Posted by pauljuhn

Spend money wisely....



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watch money is not money i need for living, retirement, savings etc...

i would not spend on watches if those were needed.

but i am a 45 year old adult with no kids. so it is a little easier for me.

[superdog]

Originally Posted by LooseCann0n

Couldn’t have put it better or catchier- this is how I feel too..



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[Phudu]

Originally Posted by garyfromleeds

When I get a few minutes spare I look at whats for sale on chrono 24 , eBay , Watchfinder etc , the prices being asked are ridiculous almost laughable !
are people deluded to think someone will pay double or almost triple for a watch they bought last week ! Yes I know about all the supply and demand rubbish thats going on and ADs cherry picking who gets what .

On one hand I get it when you pay a little over rrp like 10% because one price increase your back on a level playing field , anything else just seems plain nuts .

I myself paid a little over list to get my D blue , but not double or triple , whats your take on this ? are people who paid 14k for the steel Pepsi etc going to get burned ??? the steel ceramic Daytona is another selling for daft money with a case size thats too small in my opinion .

lets have your thoughts

Happiness is the most important thing if money is not an issue for some of lucky folks in this world. Why beg the AD to sell them a Ceramic Daytona, instead they just buy it from the trusted sellers and get it the next day. The price premium meant nothing to them.

[strafer_kid]

Originally Posted by garyfromleeds

When I get a few minutes spare I look at whats for sale on chrono 24 , eBay , Watchfinder etc , the prices being asked are ridiculous almost laughable !
are people deluded to think someone will pay double or almost triple for a watch they bought last week ! Yes I know about all the supply and demand rubbish thats going on and ADs cherry picking who gets what .

On one hand I get it when you pay a little over rrp like 10% because one price increase your back on a level playing field , anything else just seems plain nuts .

I myself paid a little over list to get my D blue , but not double or triple , whats your take on this ? are people who paid 14k for the steel Pepsi etc going to get burned ??? the steel ceramic Daytona is another selling for daft money with a case size thats too small in my opinion .

lets have your thoughts

...seems like you were pretty lucky then....

[Gerardus]

Listprice or with a discount for me!
Otherwise I let it go, lucky me> I have more hobby's.(Harley Davidson and lot of holidays :)

[Rosex]

If a second-hand bag can sell for 100 000 Euro then a 20k watch looks like good value. Its the new reality, the world population is booming and maybe we are just the new poor? The rich don't care what things cost and they are the target market.

[Rosex]

Originally Posted by rcwatches

all the wrong places to look really. Ebay has some real dreamers on, WF reowned for being on a completely different pricing structure and chrono24 is one of most frustrating sites to use now. Its not how it used to be 5 years ago, most dealers advertise stock they haven't got if they ever respond to you.

yip, they quote 4-6 weeks delivery, if they don't have it in stock then they should not be permitted to sell. I make very reasonable price suggestions and they always rejected as the dealer doesn't have the watch.

[schoolboy]

You’re worried about the people that paid $14k for a Pepsi?

What about the ones that paid $18k for a Pepsi!?



It’s kinda tough out here

Sometimes I have to remind myself that in the end, we are simply talking about watches here, and I am fortunate that I could even afford one

[Litflynt912]

Originally Posted by Fat_ninja

I overpay for leather goods at Hermes but sadly it is MSRP

Dude...
My wife and I spend more on tiny horse charms than I do on a watch.
Hermès has us trained to not even question a price. It’s another world in their boutiques lol
They offer you a bag and most reactions would put our Rolex whining to shame lol

[schoolboy]

Originally Posted by Fat_ninja

I overpay for leather goods at Hermes but sadly it is MSRP

Haha

[ras47]

Resale Rolex prices are more of a Shakespearean tragedy than a joke. And it's OUR fault for indulging in this little play.

[w4rmk]

It’s a good time to enjoy other brands that are still a bargain on the secondary market.

[Onikage]

I'm sure prices are open to negotiation. It's probably worth a shot if someone is hungry enough to offer top line.

[VinnieVegas]

I wanted the blue Alpinist limited edition a month or so ago. Limited run, MSRP of $600 or so. They sold out quickly and I saw offers out there for $1000 or so. Cray cray. I want one, but not that bad.

I agree with you.

[Likestheshiny]

There are plenty of luxury goods that I don't think are worth the price. I don't buy them.

There's no rule that the price needs to reflect a universal agreement on value. If it's very expensive and one person pays it, then it was correctly priced.

[cloudplay]

Originally Posted by LooseCann0n

However, unless the next recession is tomorrow (or soon), that discounted price will likely be higher than the current price.. eg the £20k Rolex will climb to £30k and then may discount to £23k.
Also, there are a lot of people that are unaffected by recessions by which I mean unaffected enough to not stop buying “cheap” items - like a £20k watch.

Not sure I follow the math - should demand drop back to levels of just 3-4 years ago, MSRP will be the ceiling for most pieces, irrespective of the la-la prices greys are charging now. It was four years ago when PP *cut* MSRP in many of their key markets.

I'm not sure which fraction of the newly wealthy driving up demand now were around with a sizable portfolio in 2008. Surely not the crypto-kids or most of the Chinese "middle-class" (really more like top 1-2% of their population). Even for many who weren't in danger of losing job, car, house, kid's college fund and retirement, adding to their collection of trinkets was probably not at the top of their priority list. Once prices have collapsed by 50% it takes a brave soul or true enthusiast to bet that the next move is a rebound to previous heights, rather than another 50% drop.

[jb335]

I wish you would have opened the post with the Daytona having “a case size too small” so I could have stopped reading then.




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[Andrejb]

I paid $200 above retail for a BNIB explorer II 216570 grey market. And that was too much


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[dtwer]

Originally Posted by cloudplay

Not sure I follow the math - should demand drop back to levels of just 3-4 years ago, MSRP will be the ceiling for most pieces, irrespective of the la-la prices greys are charging now. It was four years ago when PP *cut* MSRP in many of their key markets.

I'm not sure which fraction of the newly wealthy driving up demand now were around with a sizable portfolio in 2008. Surely not the crypto-kids or most of the Chinese "middle-class" (really more like top 1-2% of their population). Even for many who weren't in danger of losing job, car, house, kid's college fund and retirement, adding to their collection of trinkets was probably not at the top of their priority list. Once prices have collapsed by 50% it takes a brave soul or true enthusiast to bet that the next move is a rebound to previous heights, rather than another 50% drop.

I agree with you.

The current artificially inflated price is feasible only because 1) demand>supply and 2) nobody knows with certainty how soon they will get the watch they want from the AD.

When people are given a choice of unknown (AD 10-year wait list) vs. certainty (greys having the watch right now), we gravitate toward certainty. Unless, of course, the grey price gets so high that it becomes untenable.

Once demand<supply though, the price goes back to the floor which is msrp. If people can walk in any AD, order a Pepsi, and have it on their wrist in a month with certainty and at msrp, nobody would ever bother to look on the greys any longer.

Sadly I am not sure we would ever see demand<supply any time soon.

[Jerrocop]

Yes, this is a result of capitalism and a free market. Though one buyer willing to pay an exorbitant price for a model doesn't mean that's the value of that particular model. Not everyone values money the same way and some have more to spend carelessly than others. It doesn't mean they're crazy. If I could sell my watch (or anything else) for 3 times more than I bought it for a few months ago I probably would. Especially if I could sell it and then wait a few months on a list and buy it again for MSRP. I can sacrifice now and reap the benefits by selling and be patient and wait to replace it. Perhaps others can't be patient and so they pay the exorbitant price to get it now.

Last night I searched 10 years back on the TRF classifieds just to see what was HOT and what prices sellers were asking over the years. I noticed that even the not so hot used models have doubled in asking price over what they were asking back then. Kinda disproves some claims I've heard here that Rolex isn't an investment strategy.

[Jetski]

A joke because you're not the one making massive profits off the rich people who don't care about paying over MSRP?

[pauljuhn]

Originally Posted by Rosex

If a second-hand bag can sell for 100 000 Euro then a 20k watch looks like good value. Its the new reality, the world population is booming and maybe we are just the new poor? The rich don't care what things cost and they are the target market.

But Rolex SS is not meant to be.
They just look strong.


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[enjoythemusic]

Originally Posted by pauljuhn

Spend money wisely....

Tell that to central bankers, good luck.

[pauljuhn]

Originally Posted by VinnieVegas

I wanted the blue Alpinist limited edition a month or so ago. Limited run, MSRP of $600 or so. They sold out quickly and I saw offers out there for $1000 or so. Cray cray. I want one, but not that bad.



I agree with you.

This was one-off 1959 pieces deal and only $400 difference - much more easier to swallow.
But 10k+ more?



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[AshCashEmAll]

I refuse to pay high resale values especially when at this point you can just buy a pm model for closer to the same value. Don't count on people to realize this there is plenty of dummies willing to pay 40-50% over face for something they want.

[jrs146]

It’s a sellers market. Maybe that will change. Maybe it won’t.


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[aaron1977]

Originally Posted by garyfromleeds

When I get a few minutes spare I look at whats for sale on chrono 24 , eBay , Watchfinder etc , the prices being asked are ridiculous almost laughable !
are people deluded to think someone will pay double or almost triple for a watch they bought last week ! Yes I know about all the supply and demand rubbish thats going on and ADs cherry picking who gets what .

On one hand I get it when you pay a little over rrp like 10% because one price increase your back on a level playing field , anything else just seems plain nuts .

I myself paid a little over list to get my D blue , but not double or triple , whats your take on this ? are people who paid 14k for the steel Pepsi etc going to get burned ??? the steel ceramic Daytona is another selling for daft money with a case size thats too small in my opinion .

lets have your thoughts

These posts are becoming what's laughable. How many times are we going to do this?!?!?